# HSBC MSCI Europe UCITS ETF Accum EUR (HMES) **Source:** https://fundology.uk/fund/hmes · ISIN IE000ZQOIPB1 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (HSBC), ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 01/10/2026, HMES (HSBC MSCI Europe UCITS ETF Accum EUR, ISIN IE000ZQOIPB1) closed at £20.98 on the London Stock Exchange. Its ongoing charge is 0.14% a year (about £14 on £10,000). Over the three years to 01/10/2026 its total return was +35.7%, or +22.4% after UK CPIH inflation. ## Summary HSBC MSCI Europe UCITS ETF Accum EUR is an exchange-traded fund (ETF) from HSBC, launched in 2022. It tracks the MSCI Europe — large and medium-sized European companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.14% a year — about £14 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£20.98** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HMES | | ISIN | IE000ZQOIPB1 | | Category | European shares | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Europe | | Income | Accumulating | | Ongoing charge | 0.14% a year (£14 per £10,000) | | Fund size | £58.9m | | Launched | 2022 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +14.24% | +10.66% | income reinvested | | 3 years | +35.69% | +22.44% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Europe UCITS ETF Accum EUR 0.14% a year, as of 02/10/2026: 167 of the 225 other European share funds charge more, 8 the same and 50 less (share classes counted once). ## Funds tracking the same index 18 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.31% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.15% | +14.3% | +51.5% | +60.4% | | Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.20% | +14.3% | +51.5% | +60.4% | | Amundi MSCI Europe UCITS ETF Act -Acc- | 0.25% | +14.3% | +51.1% | +59.6% | | BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF- | — | — | — | — | | Deka MSCI Europe UCITS ETF | 0.30% | +15.5% | +50.7% | +56.8% | | HSBC MSCI Europe UCITS ETF Accum EUR (this fund) | 0.14% | +14.2% | +35.7% | — | | HSBC MSCI Europe UCITS ETF EUR | 0.14% | +14.2% | +51.5% | +60.5% | | Invesco MSCI Europe UCITS ETF | 0.19% | +14.1% | +51.1% | +59.6% | | iShares Core MSCI Europe UCITS ETF | 0.12% | +14.3% | +51.6% | +60.7% | | iShares Core MSCI Europe UCITS ETF Accum Shs Hedged MXN | 0.17% | — | — | — | | iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | +14.3% | +51.7% | +60.7% | | State Street SPDR MSCI Europe UCITS ETF | 0.25% | +14.2% | +51.3% | +59.8% | | UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution | 0.10% | +14.4% | +51.9% | +60.6% | | UBS Core MSCI Europe UCITS ETF Capitalisation -USD- | — | — | — | — | | UBS Core MSCI Europe UCITS ETF Capitalisation A | 0.10% | +7.8% | — | — | | Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1C | 0.13% | +14.4% | +51.7% | +60.7% | | Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C | 0.31% | +20.6% | +49.2% | +80.1% | | Xtrackers MSCI EUROPE UCITS ETF Distribution 1D | 0.13% | +15.6% | +51.0% | +63.7% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.14%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 28/09/2026, HMES holds 404 positions, according to the holdings HSBC publishes. The largest is Capital Cash Ctrl at 15.88% of the fund; the ten largest make up 36.1%. ### Top holdings Largest positions (as of 28/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Capital Cash Ctrl | — | 15.88% | | 2 | ASML | [ASML](https://fundology.uk/stock/ASML) | 4.89% | | 3 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.49% | | 4 | Roche | [RO](https://fundology.uk/stock/RO) | 2.16% | | 5 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 2.02% | | 6 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 1.93% | | 7 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 1.80% | | 8 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 1.72% | | 9 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 1.65% | | 10 | SAP | [SAP](https://fundology.uk/stock/SAP) | 1.53% | Source: HSBC, holdings as published, as of 28/09/2026. ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country Added up from the holdings HSBC publishes, as of 28/09/2026. | Country | Weight | |---|---| | United Kingdom | 21.5% | | Switzerland | 14.8% | | Germany | 14.1% | | France | 13.2% | | Netherlands | 9.6% | | Spain | 6.1% | | Sweden | 5.1% | | Italy | 4.7% | | Other countries | 10.8% | | Not classified | 16.6% | All 404 holdings: https://fundology.uk/fund/hmes/holdings ## Questions people ask **What is the ongoing charge of HMES?** The ongoing charge of HMES is 0.14% a year — about £14 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of HSBC MSCI Europe UCITS ETF Accum EUR 0.14% a year, as of 02/10/2026: 167 of the 225 other European share funds charge more, 8 the same and 50 less (share classes counted once). **What does HMES track?** HMES tracks the MSCI Europe — large and medium-sized European companies. **Is HMES accumulating or distributing?** HMES is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of HMES?** The ISIN of HMES is IE000ZQOIPB1. An ISIN identifies one exact share class of a fund; HMES is its ticker on the London Stock Exchange. **What does HMES hold?** As of 28/09/2026, HMES holds 404 positions, according to the holdings HSBC publishes. The largest is Capital Cash Ctrl at 15.88% of the fund; the ten largest make up 36.1%. Its ten largest holdings are Capital Cash Ctrl (15.88%), ASML (4.89%), HSBC (2.49%), Roche (2.16%), Shell (2.02%), Novartis (1.93%), AstraZeneca (1.80%), Nestle (1.72%), Siemens (1.65%) and SAP (1.53%). **How has HMES done after inflation?** Over the three years to 01/10/2026 HMES’s total return was +35.7%, or +22.4% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.